Shareholders holding 1% or more · latest filing Jun 2026
Share of total equity by holder type, with change since Mar 2026.
| Holder type | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 54.21% | 54.21% | 54.21% | 54.2% | 54.2% | 54.2% | 54.2% | 54.18% |
| FII / FPI | 0.2% | 0.08% | 0.01% | 0.07% | 0.02% | 0.01% | 0.02% | 0.13% |
| DII | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Retail & others | 45.58% | 45.71% | 45.77% | 45.73% | 45.78% | 45.79% | 45.78% | 45.69% |
| Non-public / other | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
166 current holders with 1% or more in the Jun 2026 filing. Click a name to see everything they hold.
| Holder | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Change (QoQ) |
|---|---|---|---|---|---|---|---|---|---|
| MAHINDRA & MAHINDRA LIMITED Promoter | 54.21%1.51 | 54.21%1.51 | 54.21%1.51 | 54.2%1.51 | 54.2%1.51 | 54.2%1.51 | 54.2%1.51 | 54.18%1.51 | 0.02 pp |
| RAJEN ANIL SHAH Public | 1.61%0.05 | 1.61%0.05 | 1.63%0.05 | 2.43%0.07 | 3.58%0.10 | 2.05%0.06 | 2.48%0.07 | 2.5%0.07 | 0.02 pp |
| INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY M Public | – | – | – | – | – | – | 1.29%0.04 | 1.29%0.04 | 0 |
| Mahindra First Choice Wheels Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Gromax Agri Equipment Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Agri Solutions Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Overseas Investment Company (Mauritius) Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Accelo Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Holidays & Resorts India Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Hotels and Residences India Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Holdings Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| NBS International Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra & Mahindra Financial Services Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Insurance Brokers Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Rural Housing Finance Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Lifespace Developers Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Infrastructure Developers Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra World City (Jaipur) Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra World City Developers Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra World City (Maharashtra) Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Knowledge Township Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Logistics Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Aerospace Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Bloomdale Developers Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Industrial Township (Maharashtra) Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Electrical Steel Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Anthurium Developers Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Integrated Business Solutions Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Aerostructures Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Susten Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Defence Systems Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Gables Promoters Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| 2 x 2 Logistics Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Industrial Park Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Telephonics Integrated Systems Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra HZPC Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Manulife Investment Management Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Manulife Trustee Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Auto Steel Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Fruits Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Lords Freight (India) Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra eMarket Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Industrial Park Chennai Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Water Utilities Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Marvel Solren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Teqo Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Airways Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Classic Legends Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra MSTC Recycling Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Homes Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Sustainable Energy Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Happinest Developers Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Deep Mangal Developers Private Ltd Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Moonshine Construction Private Ltd Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Construction Company Ltd Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Knowledge Park Mohali Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Summit Agriscience Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Finance CSR Foundation Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| MLL Express Services Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| MLL Mobility Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Martial Solren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Solarize Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Carnot Technologies Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Holidays & Resorts Harihareshwar Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Resurgence Solarize Urja Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| V-Link Freight Services Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Swaraj Engines Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Electric Automobile Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Guestline Hospitality Management and Developement Services Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| M.I.T.R.A Agro Equipments Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Last Mile Mobility Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Illuminate Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Hazel Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Gelos Solren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Furies Solren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Kyros Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Jade Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Layer Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Migos Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| ZipZap Logistics Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Neon Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Orion Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Pulse Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Quest Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Steer Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Target Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Velos Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Rhyme Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Ultrogen Hybren Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Advanced Technlogies Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Shreyas Stones Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Officemartindia.com Limited. Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra & Mahindra Contech Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Kota Farm Services Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Tech Mahindra Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mitsubishi Mahindra Agricultural Machinery co., Ltd. Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Smartshift Logistics Solution Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| ReNew Sunlight Energy Private Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Blue Planet Integrated Waste Solutions Limited Promoter | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra USA, Inc. Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra and Mahindra South Africa (Proprietary) Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Europe s.r.l. Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra MiddleEast Electrical Steel Service Centre (FZC) Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Bristlecone Worldwide, Inc. Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Bristlecone Inc. Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Bristlecone UK Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Bristlecone (Singapore) Pte. Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Bristlecone GmbH Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Bristlecone (Malaysia) SDN.BHD Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Heritage Bird (M) Sdn Bhd Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Automotive Australia Pty. Ltd. Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Aerospace Australia Pty. Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Bristlecone Consulting Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Emirates Vehicle Armouring FZ-LLC Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Bristlecone International AG Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| MH Boutique Hospitality Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Infinity Hospitality Group Company Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| MHR Holdings (Mauritius) Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Covington S.ar.l. Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Two Wheelers Europe Holdings S.a.r.l Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Holiday Club Resorts Oy Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Holiday Club Sweden Ab Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Ownership Service Sweden Ab Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Holiday Club Canarias Investment S.L.U Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Holiday Club Canarias Sales & Marketing S.L.U Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Holiday Club Canarias Resort Management S.L.U Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Kiinteistö Oy Rauhan Liikekiinteistöt 1 Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Holiday Club Sport and Spahotels AB Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Bristlecone Middle East DMCC Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra do Brasil Industrial Ltda. Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| BSA Company Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Vehicle Sales and Service Inc. Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Erkunt Traktor Sanayii A.S. Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Erkunt Sanayi A.S. Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Åre Villa 3 AB Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Automobili Pininfarina GmbH Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Automotive Mauritius Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Holiday Club Canarias Vacation Club SLU Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| PT Mahindra Accelo Steel Indonesia Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Automobili Pininfarina Americas Inc. Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Armored Vehicles Jordan, LLC. Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| The Birmingham Small Arms Company Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| BSA Corporation Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| B.S.A. Motor Cycles Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Ideal Finance Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Bristlecone Internacional Costa Rica Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| MLL Global Logistics Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra South East Asia Limited Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| PF Holdings B.V. Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Ideal Lanka (Private Limited) Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Automotive North America Inc. Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Sampo Rosenlew Oy, Finland Other | – | – | – | – | 0%0 | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Steel Service Centre Limited Promoter | – | – | – | – | – | 0%0 | 0%0 | 0%0 | 0 |
| Mahindra Investment Company Mauritius Ltd Promoter New | – | – | – | – | – | – | – | 0%0 | – |
| Bristlecone India Private Limited Promoter New | – | – | – | – | – | – | – | 0%0 | – |
| Mahindra Top Greenhouses Private Limited Promoter New | – | – | – | – | – | – | – | 0%0 | – |
| PSL Media & Communications Limited Promoter New | – | – | – | – | – | – | – | 0%0 | – |
| New Democratic Electoral Trust Promoter New | – | – | – | – | – | – | – | 0%0 | – |
| Mahindra Blossom Developers Limited Promoter New | – | – | – | – | – | – | – | 0%0 | – |
| Aditatva Estates Private Limited Promoter New | – | – | – | – | – | – | – | 0%0 | – |
| Mahindra Kandivali Developers Limited Promoter New | – | – | – | – | – | – | – | 0%0 | – |
| Mahindra Manulife Insurance Limited Promoter New | – | – | – | – | – | – | – | 0%0 | – |
| Holiday Club Sport and Spa Hotels AB Other New | – | – | – | – | – | – | – | 0%0 | – |
| Mahindra Ideal Finance PLC Other New | – | – | – | – | – | – | – | 0%0 | – |
| Keskinäinen Kiinteistö Oy Salla Star Other New | – | – | – | – | – | – | – | 0%0 | – |
| Mahindra Racing UK Limited Other New | – | – | – | – | – | – | – | 0%0 | – |
| Mahindra-BT Investment Company (Mauritius) Limited Promoter Exited / below 1% | – | – | – | – | 0%0 | 0%0 | 0%0 | – | – |
| Bristlecone India Limited Promoter Exited / below 1% | – | – | – | – | 0%0 | 0%0 | 0%0 | – | – |
| IEPF Public Exited / below 1% | – | – | – | – | – | 1.28%0.04 | – | – | – |
Companies only disclose holders with 1% or more, so “Exited / below 1%” can also mean the stake fell under 1%. “pp” = percentage points.
ChatGPT
Claude
Perplexity
